The global industrial personnel and burden carrier (electric) market was valued at USD 98.9 million in 2014, growing at a CAGR of 8.2% from 2015 to 2021. The global industrial personnel carrier (electric) market is segmented by types into 2 to 5 seater, 5 to 10 seater, 10 and above seater. In addition, the global burden carrier market (electric) is further segmented into stand up and sit-down. Reduction of man power, transport of raw materials and equipment within the factory, increasing need for operational efficiency within the manufacturing plants are the major drivers for the growth of this market globally.

By geography, the global industrial personnel and burden carriers (electric) market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). The demand for industrial personnel and burden carrier (electric) is growing globally owing to the Increasing need for improved operational efficiency within factories. In addition, rapid industrialization in developing countries of Asia Pacific is also boosting the market for industrial personnel and burden carrier. Further, increasing demand for electric vehicles worldwide are positively influencing the growth of the industrial personnel and burden carrier (electric) market.

In 2014, North America was estimated to be the leading market for global industrial personnel and burden carrier (electric). The region is expected to dominate the market throughout the forecast period. The increasing applications of industrial personnel and burden carrier for the reduction of operating expenditure and saving time is also acting as a key driver for the growth of this market in the region. North America has been estimated to account for more than 70% of the global industrial personnel and burden carrier (electric) market. RoW is analyzed to be the fastest growing region owing to the increasing number of new manufacturers and also the growing industrial sector in the region.

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